Ultimus has expanded its relationship with First Manhattan, a privately held investment advisory firm with >USD34bn AuM. Ultimus now supports First Manhattan’s private fund structures and ETFs, following the manager’s transition of five private fund structures from a previous service provider.
Month: May 2025
BBH wins SRI fund mandate
BBH has been selected by New Alternatives Fund to provide custody services. The U.S.-based manager is a socially responsible mutual fund focused on renewable energy and the environment.
HSBC wins Sukuk ETF mandate
HSBC has been appointed to provide trustee, global custody and fund administration services for Premia BOCHK Saudi Arabia Government Sukuk ETF in both Hong Kong and Saudi Arabia.
BNPP wins EUR5.4bn Dutch mandate
BNP Paribas has been appointed by Stichting Oak Pensioenfonds as its global custodian and administrator for its total invested assets of EUR5.4bn (USD6.1bn). The services include custody, investment administration, investment compliance, performance measurement and regulatory reporting.
Confluence appoints chief product officer
Confluence, a fintech provider for regulatory, analytics, and investor communications in the investment management industry, has appointed Kathleen Keenan as chief product officer. She will oversee Confluence’s product strategy and management, leading the company’s product and marketing divisions. She was most recently vice president of product management for investor communication services at Broadridge. Based in…
Alter Domus appoints new CEO
Alter Domus, the Luxembourg-based provider of fund services for the private equity, real assets and private debt sectors, has appointed Charlotte Hogg as CEO. She was previously CEO of Visa Europe and is a former deputy governor and COO of the Bank of England. She succeeds Doug Hart, who has served as CEO since 2019,…
Passthrough & Aladdin integrate
Passthrough, a fintech focused on fund workflow automation, and Aladdin, BlackRock’s technology business, have formed a partnership that integrates Passthrough’s digital subscription technology within the eFront platform to offer a unified investor experience. The collaboration enables common clients – from general partners to asset servicers – to digitise their investor onboarding process and deliver scalable…
Clearstream & SimCorp launch new service
Deutsche Börse is beginning to unveil its plans for its recent acquisitions. SimCorp, the fintech, and Clearstream, both owned by Deutsche Börse, have launched a partnership to incorporate Clearstream’s post-trade offering in SimCorp One, SimCorp’s front-to-back investment platform. SimCorp’s clients will have access to Clearstream’s fund data solutions through its Kneip platform to disseminate data,…
ProShares appoints Ultimus
Ultimus an independent provider of fund administration, accounting, and investor solutions, has been appointed by ProShares, a provider of ETFs and mutual funds, as fund administrator for 116 mutual funds offered by its affiliate, ProFunds. ProShares and its affiliates manage over USD80bn. Ultimus will provide fund accounting, financial reporting, tax and compliance services. The Ultimus…
Suntera to acquire Khepri
Suntera Global, the C.I.-headquartered provider of fund, corporate and private wealth services, has agreed to acquire Khepri Limited, the UK-based fund administration and corporate services provider, The deal is subject to regulatory approval and is expected to close in the second half of the year. Khepri has a team of more than 35 and services…